The revenues of the Recurring Payments market were estimated at $130.2 billion (€115.8bn) in 2022 and are anticipated to grow at a CAGR of 6.9 per cent from 2023 to 2033, according to a Fact.MR report. By the end of 2033, the market is expected to reach a valuation ofS $268.7 billion. Recurring Payments for […]

The UK Government has agreed to establish an industry working group to explore issues around fair pay for creators in the music streaming industry, as recommended by the Culture, Media and Sport Committee of the House of Commons in its report earlier in 2023. The announcement of the new group is made in a letter […]

The Digital, Culture, Media and Sport Committee of the UK parliament has published the Government’s response to its follow up report on the Economics of Music Streaming, which promises to deliver ‘meaningful and lasting improvements’ to the sector. The Committee’s initial 2021 report was acknowledged as a ‘key moment for the music industry’ by the […]

In 2022, the use of audio and audiovisual media in Germany accounted for nearly 90 per cent of the total media time budget of users aged 14+. On average, people consumed audio and audiovisual media for 9 hours and 43 minutes a day in 2022, more than half an hour longer than in the last […]

The UK’s Competition and Markets Authority (CMA) has published its final report following its independent study into the music streaming market and found that consumers have benefited from digitisation and competition between music streaming services. Prices for consumers have fallen by more than 20 per cent in real terms between 2009 and 2021 – with […]